ECO515 Managerial Economics (8)

The subject develops students' understanding of managerial decision-making. It is concerned with the application of economic principles and methodologies to the decision making process of the business firm operating under conditions of risk and uncertainty. The subject covers: analytical techniques, demand analysis, production and cost analysis, market structure and pricing practices. Assumed knowledge for this subject is equivalent to that covered in ECO501.

Subject Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.

Availability

Session 3 (90)
Online
Wagga Wagga Campus

Continuing students should consult the SAL for current offering details: ECO515. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to identify managerial problem situations whose solutions necessitate the use of economic and quantitative tools;
  • be able to explain the economic theoretical underpinnings needed to analyse managerial decision problems;
  • be able to combine economic principles and associated quantitative tools to solve managerial decision making problems.

Syllabus

This subject will cover the following topics:

Techniques of analysis: optimisation techniques, risk analysis and estimation techniques, linear programming Demand theory: consumer theory, market demand and elasticity concepts Demand estimation: marketing research and regression approaches Demand forecasting: qualitative, time-series and smoothing techniques Production theory and estimation Cost theory and estimation Market structure: perfect competition, monopoly, monopolistic competition and oligopoly Pricing practices: including price discrimination and transfer pricing.

Contact

Current Students

For any enquiries about subject selection or course structure please contact Student Central or ask@csu.edu.au or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 334 733 (free call within Australia) or enquire online.

The information contained in the 2019 CSU Handbook was accurate at the date of publication: November 2018. The University reserves the right to vary the information at any time without notice.

Back